Velocity Acquisition Corp. Balance Sheet

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Financial Statements

In millions of USD, except per-share amounts

	Q3 FY2022 As of Sep 30, 2022	Q2 FY2022 As of Jun 30, 2022	Q1 FY2022 As of Mar 31, 2022	Q4 FY2021 As of Dec 31, 2021	Q3 FY2021 As of Sep 30, 2021	Q2 FY2021 As of Jun 30, 2021	Q1 FY2021 As of Mar 31, 2021
Assets:
Current assets:
Cash
Prepaid expenses
Total current assets
Investments held in Trust Account
Total Assets
Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders’ Deficit:
Current liabilities:
Accounts payable
Accrued expenses
Accrued income tax
Franchise tax payable
Total current liabilities
Derivative warrant liabilities
Deferred underwriting commissions
Total Liabilities
Class A common stock, $0.0001 par value; 23,000,000 shares subject to possible redemption at $10.02 and $10.00 per share redemption value as of September 30, 2022 and December 31, 2021, respectively
Stockholders’ Deficit:
Class A common stock, $0.0001 par value; 380,000,000 shares authorized; no non-redeemable shares issued or outstanding
Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 5,750,000 shares issued and outstanding as of September 30, 2022 and December 31, 2021
Additional paid-in capital
Accumulated deficit
Total stockholders’ deficit
Total Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders’ Deficit

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